Dubai Financial Services Authority (DFSA), investment tokens created a new framework for regulation.
According to the statement made on Monday, investment tokens; security token and derivative token will be divided into two.
These; It covers securities or derivatives where rights and obligations are digitally represented by cryptography and are issued, transferred and stored using distributed ledger technology (DLT) or similar technology.
Anyone within the Dubai International Financial Center who plans to issue, trade, hold or issue investment tokens will be subject to the framework established by the DFSA.
Peter Smith, head of policy and risk management at the Financial Services Authority, said: “Building an ecosystem that will enable innovative companies to succeed in the UAE is a key priority for both the UAE and Dubai governments and the DFSA.” said.
Not included in the framework for DFSA investment tokens cryptocurrencies, utility tokens and stablecoins continues to prepare a template for